Most rehab loans offer 85 to 90 percent of the purchase price and 100 percent of the renovation costs.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

It’s been pretty competitive here (partly bc we’ve gotten some BP nods over the last year) but I’ve definitely noticed a drop in offers and competition.

We offer their Customer insurance and follow the state Lien/Auction laws.d.

Can you dig into a little more on the novation, why did the seller pick that strategy say over a cash offer?

These connections can provide insight into reasonable pricing and offer trustworthy referrals for future work.

Offering a refundable fee would have to come out of your pocket.

Here is a list of lenders offering such financing: https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

The only deal I’ve ever walked away from we determined that the entirety of two of the exterior, structural walls were significantly bowing and in the basement below them the foundation had been permanently covered so there was no way to see what it was doing.